Welcome to our dedicated page for AT&T news (Ticker: T), a resource for investors and traders seeking the latest updates and insights on AT&T stock.
AT&T Inc. (NYSE: T) is a leading American multinational telecommunications holding company headquartered in Whitacre Tower, Downtown Dallas, Texas. As the world’s third-largest telecommunications company by revenue and the third-largest provider of mobile telephone services in the U.S., AT&T has a significant impact on the global communications landscape.
The company’s wireless business generates about two-thirds of its revenue, with AT&T being the third-largest wireless carrier in the U.S., connecting approximately 72 million postpaid and 17 million prepaid phone customers. Fixed-line enterprise services, which include internet access, private networking, security, voice, and wholesale network capacity, account for about 16% of the company’s revenue.
In addition to its U.S. operations, AT&T has a considerable presence in Mexico, with 22 million customers, contributing 3% to its total revenue. The firm still holds a 70% equity stake in satellite television provider DirecTV but does not consolidate this business in its financial statements.
For 2024, AT&T continues to push forward with significant investments in 5G and fiber optic networks, contributing to steady subscriber growth in these areas. The company also reported a strong financial performance in the fourth quarter of 2023, with free cash flow reaching $16.8 billion, surpassing its full-year guidance.
AT&T’s strategic efforts to drive profitable growth include enhancing its 5G and fiber networks, focusing on customer satisfaction, and expanding its broadband infrastructure. The company’s transformation initiatives are aimed at supporting margin growth and ensuring sustainable business performance.
In recent news, AT&T reported strong first-quarter results for 2024, highlighted by consistent 5G and fiber customer additions and increased mobility service and broadband revenues. The company also addressed data security concerns related to a data set released on the dark web, ensuring proactive communication with affected customers and offering credit monitoring services where applicable.
Looking ahead, AT&T plans to continue scaling its connectivity services to meet the increasing demand for seamless broadband, thereby driving durable growth for its shareholders. The company’s commitment to innovation and enhancing customer experiences remains central to its business strategy as it navigates the evolving telecommunications industry.
For more information about AT&T Inc. (NYSE:T), please visit about.att.com. Investors can learn more at investors.att.com.
AT&T CFO Pascal Desroches provided a shareholder update at the Citi Media & Entertainment Conference, emphasizing growth in 5G and fiber services despite expected industry slowdowns. He highlighted 2022 and 2023 as peak years for capital investment, aiming for a 2.5x net debt-to-adjusted EBITDA target. Desroches projected free cash flow growth driven by increased wireless revenue and fiber subscriber gains, although he noted potential offsets from higher cash taxes and reduced DIRECTV distributions. The company aims for over 30 million fiber locations by 2025.
AT&T will host a webcast featuring Pascal Desroches, CFO, at Citi's 2023 Communications, Media & Entertainment Conference on January 4, 2023, at 2:00 p.m. ET. The session aims to provide insights into the company's strategies and future plans. Interested attendees can access the live webcast and replay through AT&T Investor Relations. AT&T serves over 100 million U.S. customers and offers innovative solutions like 5G and multi-gig internet services.
AT&T has partnered with BlackRock to establish Gigapower, a joint venture focused on deploying a commercial fiber platform across the U.S. This initiative will provide fiber access to customers outside AT&T's traditional service areas, expanding its reach significantly. Gigapower aims to serve 1.5 million locations initially, contributing to AT&T's broader goal of reaching over 30 million fiber locations by 2025. The collaboration is poised to enhance internet connectivity, spur local economies, and support the digital economy.
AT&T has declared a quarterly dividend of $0.2775 per share on its common shares, payable on
At the UBS Global TMT Conference, AT&T COO Jeff McElfresh provided a positive update on the company’s growth strategies. He highlighted continued healthy customer growth in 5G and fiber services, supported by high demand. The company aims to reach over 30 million fiber locations by 2025, with present capabilities at 18.5 million for consumers and 3 million for businesses. Capital investments are projected around $24 billion for 2022, while free cash flow targets remain at $14 billion.
Delaware County, Indiana, has announced a $2.3 million project with AT&T to deliver fiber internet with speeds up to 5 Gbps to nearly 1,250 locations. The project, pending final contract approval, aims to enhance digital connectivity and economic opportunities in the area. AT&T's initiative underscores a public-private partnership to close the digital divide, improving internet access for residents and businesses alike. The buildout is expected to be completed within 18 months once the contract is finalized.
AT&T will hold a webcast of a fireside chat featuring COO Jeff McElfresh at the UBS Global TMT Conference on December 6, 2022, starting at 8:20 a.m. ET. The event will be accessible live and for replay on the AT&T Investor Relations website, encouraging attendees to log in early due to potential schedule changes. AT&T, serving over 100 million consumers and nearly 2.5 million businesses, continues to innovate in telecommunications.
AT&T's CFO, Pascal Desroches, spoke at the Morgan Stanley European Technology, Media & Telecom Conference, outlining the company's focus on growth through 5G and fiber. AT&T is experiencing healthy customer demand and has achieved cost savings from recent investments. The company reported accelerating third quarter adjusted EBITDA growth and aims to continue its fiber expansion, targeting over 30 million locations by 2025. Despite inflationary pressures, Desroches remains confident in AT&T's connectivity services and expects strong capital investment levels while maintaining free cash flow guidance.
AT&T has been awarded the 2022 US Dedicated Internet Access Market Leadership Award by Frost & Sullivan, highlighting its strong performance in the dedicated internet service market. The AT&T Dedicated Internet service, which serves approximately 9.5 million business locations in the U.S., utilizes a robust IP backbone that handles 535.7 petabytes of daily traffic. Features include dedicated bandwidth from 2 Mbps to 1 Tbps, robust SLAs, and enhanced customer service. The award recognizes AT&T's innovative offerings and distinguished brand strength in the telecommunications sector.
AT&T and Citi have launched the new AT&T Points Plus Card, a no annual fee credit card aimed at rewarding wireless customers. The card allows cardmembers to earn up to
FAQ
What is the current stock price of AT&T (T)?
What is the market cap of AT&T (T)?
What is AT&T's primary business?
How significant is AT&T's wireless business?
What are AT&T's recent achievements?
Does AT&T operate outside the United States?
What is AT&T's approach to data security?
What is the outlook for AT&T in 2024?
How does AT&T support its financial growth?
What kind of services does AT&T offer to businesses?
What is AT&T's involvement with DirecTV?
Where can investors find more information about AT&T?
